In this constantly changing global environment, Japan and Korea have shown impressive economic growth by creating formidable industrial powerhouse in the past two decades that carved out markets shares in the Asia, Europe, Latin and North America regions. They are known as Asia's second and third biggest economies with a real gross domestic product (GDP) in the trillions. Their economic development strategies strongly mirror each other because of an industrial group system which was foster from zaibatsu (prewar) a family owned organization that dominated the both economic activities by controlling industrial and financial policies through single parent intervention concept. After the postwar (WWII) this organization was broken up by the United States (occupier) and transformed into zeirestu and chaebol conglomerates system which were suppose to promote a more free independent enterprise system. This research paper will address how these two inter-corporate group alliances systems influence their economies strategic decision-making processes.
The global marketplace has become an economic reality in which the United States could be considered a dominant player, but some economists have stated that its position in this global economic environment has been declining in previous decades due to the European Union, Asian, and Emerging Markets. With that in mind, according to Wiley (1996) study, since the late 90s, most employers have been battling the benefits, conflicts, and challenges that come with a culturally diverse workplace. The advantage of a different environment is that it will bring about a broad range of knowledge, awareness, and viewpoints from people that were brought up in different cultural environments. As a result, a robust international position will require that human resource managers (HRM) are prepared to function effectively and efficiently in a goal-oriented environment. These managers must also appreciate cultural diversity and understand the complexities of the global climate and be willing to adapt their skills and strategies to cope with the international business challenges. This research paper will reveal how the GLOBE (Global Leadership and Organizational Behavior Effectiveness) techniques can be used to develop Human Resource Management Strategies to empower managers to do whatever is necessary to achieve organizational goals with the appropriate resources.
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